Xiaomi’s Stock Price Plummets to 17.28 HKD, Experiencing a Sharp 3.79% Decline

Xiaomi (1810)

17.28 HKD -0.68 (-3.79%) Volume: 118.01M

Xiaomi’s stock price stands at 17.28 HKD, experiencing a decline of -3.79% this trading session with a trading volume of 118.01M, however, showing a positive year-to-date change of +12.31%, underlining its resilient performance in the stock market.

Latest developments on Xiaomi

Xiaomi Corp has been making strategic moves in the past few months, which have significantly impacted its stock price today. The company shattered Q1 2024 records, doubling their profits and impressing investors. Xiaomi’s intelligent driving initiative received a boost with the addition of former TuSimple CTO to its ranks, showcasing their commitment to innovation in the automotive industry. Furthermore, Xiaomi Robot Company’s official move into the Xiaomi Auto Beijing Factory signals a strong push towards expanding their presence in the robotics sector. These key events have undoubtedly influenced Xiaomi Corp‘s stock price movements today.

Xiaomi on Smartkarma

Analysts on Smartkarma, such as Eric Wen and Ming Lu, have provided bullish coverage on Xiaomi Corp. Eric Wen‘s report highlighted Xiaomi’s strong revenue and income results in Q1, driven by increased traffic from SU7 interest. This is expected to sustain higher margins and growth in the long run, with potential demand for its next EVs. On the other hand, Ming Lu’s report mentioned that Xiaomi’s total revenue growth rate climbed 27% YoY in 1Q24, with smartphone shipments ranking global No. 3 and gross margins improving across major businesses.

Furthermore, Eric Wen‘s analysis of Xiaomi’s Investor Day revealed surprising guidance on SU7 gross margin and delivery targets, leading to increased confidence in the company’s EV business. Ming Lu also highlighted Xiaomi’s rapid growth in shipments compared to competitors like Samsung and Apple, along with positive developments in Tims China’s revenue expansion. Overall, analyst sentiment on Xiaomi Corp remains optimistic, emphasizing the company’s performance and potential in the market.

A look at Xiaomi Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

According to Smartkarma Smart Scores, Xiaomi Corp has a positive long-term outlook based on its high scores in resilience and momentum. With a resilience score of 5, the company is well-equipped to withstand market fluctuations and economic challenges. Additionally, Xiaomi Corp‘s momentum score of 5 indicates strong market performance and investor interest, suggesting potential growth opportunities in the future.

While Xiaomi Corp scores well in resilience and momentum, its dividend score is low at 1. This may not be ideal for investors seeking regular income. However, the company’s value score of 4 and growth score of 3 suggest that Xiaomi Corp offers good value for investors looking for long-term growth potential. Overall, Xiaomi Corp‘s Smartkarma Smart Scores paint a promising picture for the company’s future prospects.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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